Tan Re
DATE OF CREATION : 8 november 2001, Tanzania | |
CLASSES OF BUSINESS : Life and non life | |
MAIN UNDERWRITING ZONES: Africa, Middle East and Asia |
Tan Re : contact
Adress: 8ème étage, TAN-RE House - Longido Street - Plot No. 406 Upanga - P.O. Box 1505 - Dar es Salam, Tanzania |
Tel: +255 (22) 2922341-3 |
Fax: +255 (22) 2922344 |
Email: mail [at] tan-re [dot] co [dot] tz |
Website: www.tan-re.co.tz |
Tan Re : rating
Agency | Rating | Outlook |
GCR | A (national business) | Stable |
GCR | B- (international business) | Negative |
Tan Re : main indicators
in thousands USD2020 | 2021 | |
Turnover | 60 475 | 71 204 |
Shareholder’s equity | 34 498 | 37 703 |
Net result | 3 362 | 4 129 |
Tan Re : turnover 2021 by class of business
in thousands USDPremiums | In % | |
Fire | 17 922 | 25.17% |
Marine (1) | 16 383 | 23.1% |
Accident | 13 610 | 19.11% |
Motor | 10 864 | 15.26% |
Engineering | 4 002 | 5.62% |
Health/td> | 1 793 | 2.52% |
Total non life | 64 574 | 90.69% |
Life | 6 630 | 9.31% |
Grand total | 71 204 | 100% |
(1) Including aviation
Tan Re : capital and shareholding
Shareholders | In % |
Pension funds | 45% |
Insurance companies | 25% |
Foreign investors | 10% |
Institutional investors | 10% |
Others | 10% |
Tan Re : technical ratios
2020 | 2021 | |
Net loss ratio | 49.31% | 52.25% |
Net management expenses ratio | 34.8% | 34.85% |
Net combined ratio | 84.11% | 87.1% |
Tan Re : management
Wilson Ndesanjo | Chairman of the board |
Rajab. S. Kakusa | Chief executive officer |
Ernest Koroso | Chief finance & administration officer |
Alex Ndossy | Chief operating officer |
Seth Wilson | Head of internal audit, risk and compliance |
Exchange rate as at 31/12/2020 : 1 TZS = 0.00043 USD ; as at 31/12/2021 : 1 TZS = 0.00043 USD
Source : Tan Re
Read also | Tanzanian insurance market
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